Has anyone done a cost segregation study, and what are the pros and cons? Has anyone used Engineered Tax Services for this study? It all looks good on paper, but I wanted to see if anyone has some real world experie...
I got a $65,000 income tax bill today. Is there any way my business can provide me with some deductible fringe benefits like a company car, health club membership, life insurance, etc?
I've previously found cost segregation studies to be highly beneficial, particularly as a strategy to offset taxable income from both my full-time employment and rental properties. These studies have enabled me to tak...
All, My name is Joel and I am BRAND NEW to real estate. I'm looking to purchase my first property and need some serious help.1. Should I form an LLC prior to purchasing a property?-I've heard that the tax benefits ma...
I have a few people lined up for cash buyers and private money lending and some of my own money saved up. This would be my first deal. Should I wholesale first or just rehab. I'm more interested in the rehab part but ...
Greetings Family!Currently own two rental properties. I have been going back and forth on whether to open a LLC. When is the best time to do so? It's important this year, to get all my possible tax benefits or anythin...
So I want to bid for a 2 family, but I don't have a lot for a down payment. The numbers on the rental tool here at BP are great if I can offer 5% down, with a purchase price of 23% less than the offer. Are there any...
GreetingsDoes anyone on here know of a more cost effective dependable call answering service other than PatLive? They're at $150/mo. I'm looking for a better deal. Thanks in advance
Is there anyone in the BP universe that has added solar panels to a house to decrease utility costs? I assume there would be potentially significant upfront costs, but that the panels would pay for themselves and more...
Hi all,
I have one fix and flip property under my belt that I did solely on my own (no investors) and took on all costs associated with the project, including all rehab costs. For my next project, I was looking into ...